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Critical Minerals Sourcing Strategy Expectations and Alignment
Richflood Minerals' responsible mineral sourcing is anchored on our partners and consultants' understanding that a responsible and resilient supply chain of minerals will support the manufacturing of clean technologies. This will ensure that Africa maximises the benefits from its contributions to the transition to Net Zero and supports tens of thousands of high-quality green jobs across Africa as well. We are committed to regular reviews and improvement on our responsible sourcing strategy to ensure we meet and exceed the requirements for sustainable sourcing and supply chain risk management by mitigating social and environmental impacts identified in all exploration and mine sites we work.
Critical Minerals in Clean Energy Transitions
As technology evolves faster than ever, we become more and more reliant on a new cohort of minerals.
We are moving to a world powered by critical minerals: the world needs lithium, cobalt and graphite to make batteries for electric cars; silicon and tin for our electronics; rare earth elements for electric cars and wind turbines.
Critical minerals will become even more important as we seek to bolster energy security and domestic industrial resilience as we move away from volatile, expensive fossil fuels. The world in 2040 is expected to need 4 times as many critical minerals for clean energy technologies as it does today
The UK’s first-ever Critical Minerals Strategy is our guiding document as it sets out a plan to secure supply chains, by boosting domestic capability in a way that generates new jobs and wealth, attracting investment and playing a leading role in solving global challenges.